This listing is NOT a foreclosure. Ideally situated in the highly sought-after Kerns neighborhood, between E Burnside St and NE Glisan, thi four-unit property combines strong rental income with an ideal rental location. The property is close to Whole Foods, coffee houses, restaurants, shops, and bus lines. Two side by side duplexes on separate tax lots. Units 2933, 2935 & 2943 have been recently renovated with updated kitchens (SS appliances, new cabinets, countertops & tile backsplash), bathrooms, flooring & new vinyl windows. All four units have new Mini-Split HVAC units, providing heat & air conditioning, washers & dryers, & private outdoor spaces.One duplex has two individual garages & the other duplex has a double carport, which was recently completely rebuilt. Plus, there is additional off-street parking for all units.With reliable renters & a proven income record, this is a rare opportunity to own a stable, low-maintenance investment in one of Portlands most desirable close-in locations. At a 6.45% cap rate & 10.68 GRM, this property provides steady cash flow from day one. With current market rents, investors can expect consistent returns & long-term value growth.This MLS
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Resale home is a single family home located in Portland. It offers 0.23 acres in size, 4 beds and 3 baths. Review its detailed information and determine if this Portland MLS Resale has the qualities you are looking for.
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This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
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Property Info
Property ID1081542589
Parcel NumberR177593
CountyMultnomah
Bedrooms4
Bathrooms3.0
Living Area (sqft)1,728
Price/sqft$636
Year Built01/01/1971
Property TypeSingle Family Home
Lot Size0.23 acres
Stories1
Total Units4
Parking4
Legal DescriptionHAWTHORNES 1ST ADD, BLOCK 10, LOT 9
ZoningR5
rto financingtrio
Property Brokerage:
Township Properties Real Estate LLC